Ripple Co-Founder Jed McCaleb Invests $1 Billion in Private Space Station
- Ripple co-founder Jed McCaleb is investing $1 billion into his aerospace company, Vast Space, to build a private space station.
- Vasts first space station, Haven-1, is set to launch in May 2026 aboard SpaceXs Falcon9 rocket.
- Competing with SpaceX, Blue Origin, and Axiom Space, Vast aims to play a key role in the future of human space exploration.
What does a crypto billionaire do after cashing in on digital assets? For Ripple co-founder Jed McCaleb, the answer is simple: build a space station.
McCaleb, one of the most prominent players in the cryptocurrency arena, has now turned his eyes towards the last great frontier with his aerospace company, Vast Space. His ambitious plan was to create a working space station that would eventually take the place of the aging International Space Station (ISS), decommissioning in 2030.
In the interview with Bloomberg, McCaleb emphasized the importance of the reach of humans extending further than Earth. Its very important that humans transition from where we are today into this potential society where there are many individuals living outside the Earth, he said.
McCalebs Ripple Fortune Fuels Haven-1 Space Station
with an estimated net worth of $3.2 billion largely from his holdings in XRP McCaleb is self-funding the effort himself, investing $1 billion of his own money into bringing his vision into being. His company, Vast Space, which he founded in 2021 and focuses on developing artificial gravity space stations, is something that exists largely in the realm of science fiction but now on the cusp of reality.
Vast just unveiled the finished design for the initial station, Haven-1, which will launch in May 2026. To reach orbit, McCalebs company is collaborating with SpaceX employing Falcon9 rockets for the launch of the module. The station will support long-term habitation, research, and even space tourism in the years to come.
Private Space Race Heats Up
Vast Space joins the growing list of private companies like SpaceX, Blue Origin, Axiom Space, and Voyager Space competing to dominate the new space economy. As public agencies NASA and the European Space Agency (ESA) become increasingly reliant on private-sector growth, McCalebs bet is that Vast will have a leading role in the next generation of human space exploration.
Ripples other co-founder, Chris Larsen, praised McCalebs ambition, posting on X: This is a big, bold vision by Jed McCaleb. America used to pursue new frontiers like this before skidding into bureaucracy and doubt. Im rooting for Vasts success.
With Haven-1s launch imminent and plans for an expandable modular station in the works, McCalebs move from crypto pioneer to space entrepreneur has the potential to revolutionize whats possible in both arenas. If Vast wins the NASA contract, the company might establish itself as the leader in the new age of space proving that the journey from blockchain to the stars isnt as far as we think.
Related | XRP Surges as SEC Drops Lawsuit Against Ripple Can Bulls Push It Beyond $2.50?
Read more: https://www.tronweekly.com/ripple-co-founder-jed-mccaleb-invests-1-billion/
Text source: TronWeekly
